Baker Hughes Announces May 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Jun. 7, 2016-- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2016 was 955 up 9 from the 946 counted in April 2016, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in April 2016, and down 55 from the 284 counted in May 2015.

The average U.S. rig count for May 2016 was 408, down 29 from the 437 counted in April 2016, and down 481 from the 889 counted in May 2015. The average Canadian rig count for May 2016 was 42, up 1 from the 41 counted in April 2016, and down 38 from the 80 counted in May 2015.

The worldwide rig count for May 2016 was 1,405, down 19 from the 1,424 counted in April 2016, and down 722 from the 2,127 counted in May 2015.

May 2016 Rotary Rig Counts

 
   

 

 

May 2016

       

 

 

April 2016

   

 

 

May 2015

      Land   Offshore   Total     Month Variance     Land   Offshore   Total     Land   Offshore   Total
 
Latin America 158 30   188 -15 167 36   203 258 69   327
Europe 53 42 95 5 54 36 90 68 48 116
Africa 71 20 91 1 70 20 90 69 31 100
Middle East 340 51 391 7 330 54 384 357 41 398
Asia Pacific 104 86 190 11 105 74 179 122 95 217
International 726 229 955 9 726 220 946 874 284 1,158
 
United States 384 24 408 -29 411 26 437 857 32 889
Canada 40 2 42 1 40 1 41 78 2 80
North America 424 26 450 -28 451 27 478 935 34 969
                   
Worldwide 1,150 255 1,405 -19 1,177 247 1,424 1,809 318 2,127
                                                 

About the Baker Hughes Rig Counts

The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.

The North American rig count is scheduled to be released at noon Central time on the last working day of each week. The international rig count is scheduled to be released on the fifth working day of the month at 5:00 a.m. Central time. Additional detailed information on the Baker Hughes rig counts is available from our website.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 39,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.

Source: Baker Hughes Incorporated

Baker Hughes Incorporated
Media Relations:
Melanie Kania, + 1 713-439-8303
melanie.kania@bakerhughes.com
or
Investor Relations:
Alondra Oteyza, +1 713-439-8822
alondra.oteyza@bakerhughes.com